This is a useless comment and further evidence that hacker news has lost its way. What does this add to the conversation? Hacker news is starting to show its political bias that this is not downvoted out of the conversation. This is reddit tier drivel.
One of the reasons hedging with ODTE has become common for event based situations is because they are cheaper than those with expiration's later than the event date
I’d assume the theta would be higher for 0dte? With normal options you could just roll out of them the next day. I guess you would be crossing 2 bid ask spreads, but is that more expensive than the theta decay?
This is the most reasonable comment here on the topic. Everything else so far is either blatantly political and/or misunderstands market dynamics.
Unfortunately half the comments I read on here are becoming increasingly more reddit-esque. Users posting emotionally charged comments and speaking with an authoritative voice on topics they have little experience or knowledge in an accordingly Hacker News has become more and more useless as a news source.
If you think the comment is useless and doesn’t contribute to the conversation, downvote it (and flag it if it is particularly egregious). That’s why those features exist.
But complaining that HN is becoming Reddit is (as demonstrated by the links) a tired, repetitive, and incorrect complaint that creates noise and does not advance the discussion. Which is why the guidelines ask you to not do it.
The Constitution binds the government, it's not something applied to citizens. The government cannot infringe on speech period. Doesn't matter if they want to infringe on it for citizens, non citizens or someone living in a territory the government controls
The Canadian woman who had her visa revoked for no reason was subsequently incarcerated under deplorable conditions and denied access to council. If I recall correctly they held her for two weeks. In batch holding without proper clothing or heat and with 24hour lighting which I believe has been previously classified as torture.
> As Justice Francis W. Murphy described the law in his concurrence in Bridges v. Wixon (1945), “the Bill of Rights is a futile authority for the alien seeking admission for the first time to these shores. But once an alien lawfully enters and resides in this country he becomes invested with the rights guaranteed by the Constitution to all people within our borders.” [1]
The first amendment (and to my knowledge most of them) at least in theory if not in shit-smeared practice, apply to all people within US borders, not just citizens. In any case, it's an absurd argument to essentially say, "meh, he was a foreigner, it's fine".
> The first amendment (and to my knowledge most of them) at least in theory if not in shit-smeared practice, apply to all people within US borders
Moreover, the First Amendment is held (not just philosophically, but this is the legal theory behind its incorporation against the states under the 14th Amendment) to be declarative of a universal right (a right "fundamental to ordered liberty"). It is therefore monstrous to try to excuse its violation by the US government against any person subject to its power under any circumstances.
You don't deserve to be down voted by hackers for your comment. There is a huge difference between what rights you should have where you are born or are a citizen, and what rights you should have when you come as a guest to another country.
Perhaps consider Hollywood accounting [1] before being concerned with net income. Suffice it to say, it's within ford's best interest to often report negative or near negative net profits. That's how you reduce your tax burden.
It's super easy for a company to make up additional overhead above and beyond gross profits to disappear everything. (including money spent on stock buybacks, dividend payments, and CEO perks).
A company that has 23 billion in gross profits and -2 billion net income isn't what you think it's saying.
If you are equating unregulated Hollywood accounting to SEC regulated 10-K filings, then either you need more education, or you distrust the system so much that conversing would be pointless.
And businesses cannot reduce net income by the amount of dividends or stock buybacks, for obvious reasons.
> If you are equating unregulated Hollywood accounting to SEC regulated 10-K filings, then either you need more education
Are you saying it wouldn't be advantageous to claim an easily recoverable loss which both makes your shareholders happy and reduces your tax burdens not only for the current year but future years (because you can defer losses)?
Hollywood accounting is orthogonal to the concept of a 10-k. The numbers are "real" but they are also VERY easy to manipulate (IE, doing a stock buyback).
I'd suggest considering the case study of sears. Where somehow a public company went bankrupt yet the owner ended up with billions of dollars and... the company.. again.. somehow. [1] That is hollywood accounting in it's full action and all perfectly lined up for 10-ks (after all, AFAIK the SEC never stepped in here to give Lampart so much of a slap on the wrist).
I'm not saying that Ford or others are anywhere near as bad as what happened to Sears/Kmart. I am saying that the same system Ford operates in, sears operates in.
> Are you saying it wouldn't be advantageous to claim an easily recoverable loss which both makes your shareholders happy and reduces your tax burdens not only for the current year but future years (because you can defer losses)?
What is a “recoverable loss”?
>Hollywood accounting is orthogonal to the concept of a 10-k. The numbers are "real" but they are also VERY easy to manipulate (IE, doing a stock buyback).
Orthogonal means unrelated. It seems like you are using orthogonal to mean “similar”, but I am not sure, since that does not make sense. Either way, how does a stock buyback manipulate anything?
> I'd suggest considering the case study of sears. Where somehow a public company went bankrupt yet the owner ended up with billions of dollars and... the company.. again.. somehow. [1]
Because the owner was not Lampert, but a company with limited liability that happened to own many of the shares. And Lampert has done very poorly with his Sears investment, he has most likely lost wealth over the last 15 years when a riskless SP500 investment would have gained a ton.
Unrelated to the topic at hand. I'm not accusing ford of omissions to their 10-K. That's not what Hollywood accounting means.
> It seems like you are using orthogonal to mean “similar”,
No, I mean orthogonal. You simply do not know what "Hollywood accounting" is.
> And Lampert has done very poorly with his Sears investment, he has most likely lost wealth over the last 15 years when a riskless SP500 investment would have gained a ton.
Really hard to say, but he was able to leverage 4.6 billion dollars [1] to repurchase sears.
The SEC does not police tax loopholes. As long as everything they do is documented and legal, the SEC allows it. Hollywood accounting isn't some myth, giant companies like apple do it, where you can "lease" or "sell" intangibles like "IP" consisting only of your brand identity to a separate legal entity in a different jurisdiction that taxes it differently, allowing you to play games with who owns what, and who books what revenue, and who claims what income.
This is all SOP in any company big enough to have its own accounting department. That's like, their entire job and industry.
> It's super easy for a company to make up additional overhead above and beyond gross profits to disappear everything. (including money spent on stock buybacks, dividend payments, and CEO perks).
Share buybacks and dividend payments are uses of cash, but do not reduce net income. (They are not an expense.)
Lol -2 billion in net income is exactly what I think it is saying. Are we saying Ford is committing accounting fraud or trickery?
"It's super easy for a company to make up additional overhead above and beyond gross profits to disappear everything."
What about administrative costs? What about debt? Do we ignore everything besides COGS?
Dividend payments, stock buybacks, etc are not ways to disappear everything. They are ways to make their stock attractive to buyers, keep them in dividend indices, etc
How is this whole thread ignoring standard accounting and the reality of properly running a business?
> Lol -2 billion in net income is exactly what I think it is saying. Are we saying Ford is committing accounting fraud or trickery?
No. That's a misrepresentation of what I'm saying. I'm not accusing ford of doing anything illicit with their accounting. I'm saying that net income is a number that's both easily and frequently gamed.
> What about administrative costs? What about debt? Do we ignore everything besides COGS?
Nope, I'm saying we should pay the "COGS" fairly because they are ultimately what makes the business run. The admin and shareholders can be paid after the cogs get paid.
Have you considered that money is fungible? The admin can take lower salaries, do less buybacks, and enter into less debt. And, in fact, I'd suggest (and you'd likely agree) that a good business does that anyways. If operational costs were 0, any business could still find a way to have negative income.
Many reasons. I tend to overdue things so I spec’s pneumatic devices that required a large 10 bar compressor. I installed that in the basement and managed to muffle the sound with rockwool. I ordered a German machine which was to sensitive for a VFD so I used a motor-gen set which shook the 1879 New England farmhouse.
The space for the CNC had low ceilings and it was cramped. I could have lived with it but considering the other issues I moved.
I thought the move would be fast no way would it take more than 2 years. The money I was saving for runway is now an 8 unit apartment building but I have time and space.
I think you really underestimate the intelligence of the average CS grad. No way the average iq is under 100. Even to get past the prereq's for a CS degree like calculus you are not going to find many under 100 (let alone going on to graduate)
Cutting out alcohol was probably the biggest one. The effects of alcohol on anxiety can last days for me. Low carbohydrate diets seem to really help as well for me. Minimizes highs and lows.
This is interesting because I've only been able to get over my anxiety after being prescribed memantine for sensory/audio processing disorder (SPD/APD).
Looking back I was constantly in a state of hyper-awareness that was so intense I couldn’t understand speech in real-time or move smoothly (keeping a beat took 100% concentration so I couldn’t learn an instrument) without total concentration. I also had hyper-sensitivity to touch. All this was from severe CPTSD growing up.
Memantine is an NMDA uptake inhibitor (probably). But I don’t really know anything about what role NMDA plays.
Memantine slows the amount of calcium that enters the NMDA receptor in a way similar to magneisum. Zicn also inhibits NMDA but by a different mechanism
It is the calcium in the cell that triggers nerve excitement and oxidative stress that triggers the anxiety. I am over simplfying all of this.
I have the opposite problem. I have slow NMDA receptor function but my Anxiety is caused by issues inside the neuron (NOS1). Magnesium gives me anxiety.It may be that my porr NMDA receptor function helps me a bit.
Really the root cause is low Cyclic Adenosine Monophosphate (cAMP) signaling in the neuron stemming from low Nitric Oxide or slow NMDA receptor function.
I'm definitely curious as to how you got to such a nuanced diagnosis / underlying mechanism for your anxiety. After an overnight sudden change, I'm told I've been stuck in 'fight or flight', constantly, for about 20 years. I've gone from MRI to many medication trials to genetic testing / perfunctory bloodwork, to therapy to yoga to sriracha enemas (kidding), but never got anywhere beyond feeling like the science overall is nascent at best, and a total load of snake-oil quackery at worst.
Your miles seemed to have played out differently. How did you go about arriving at the underlying pathology, so to speak, and how confident are you that it is 'the right answer'? Are you under the care of a doc / neuro / psych? And if so, do they take your NOS1 explanation into account when treating you?
This is important, you need to look at your total environment to see what changed. It could be anything from air pollution, diet, EMFs. Anxiety always has a trigger and it is not always psychological.
> I'm definitely curious as to how you got to such a nuanced diagnosis / underlying mechanism for your anxiety.
I went through everything you did, but once I noticed so many people were doing the woo woo route and nothing helped, so I decided to learn about neurobiology, genetics and nutrition. Almost everything you will read about anxiety and mood is wrong. (For example, low serotonin is the result of high GABA, and it is the high GABA that causes depression, not the low serotonin or dopmaine, that is just a result of the low GABA. https://www.nature.com/articles/s41380-022-01730-4)
I was anxious as a child, and had OCD, so I knew it was genetics. My mother had mental health issues as well all up her side of the family. 20 years ago I ended up on disability and doctors were of little help, just felt drugged all the time, so I set off to research neurobiology since I had the spare time and lived next to a university research hospital.
Then when 23andMe appeared I jumped on it and it was all right there. But it took years for more research to come out which narrowed in on my problem. First it was genes like CACNA1C and SLC6A4, but when I saw many immune genes linking to my Ankylosing Spondylitis (ERAP1) it became a bit more confusing. I kept seeing so many genes that needed zinc flagging in my genome. High does zinc fixed my autoimmune issues, as did long chain omega 3 (FADS1, FADS2 also linked to mood). But the studies I began to read about NOS1AP matched my genetics so I dove head first into that pathway at it ll became clear how glutamate was casueing my anxiety and paranoina and psychosis.
I also have changes in GCH1 that controls the amount of serotoin and dopmaine we make. I am in a study at Stanford as they feel it is linked to ME/CFS. I was diagnosed with CFS years ago but I only have infrequent symptoms now.
I have one doctor who knows I know what I am talking about and gets me some tests that might help me see what is going on but this is all research level stuff, nothing and doctor will see for years if ever. I am on Medicare, fully disabled, so it is hard for her to get some weird tests but she tries. She also helps me get meds I feel might help that might not be her first thought. But meds are no answer, they work until they do not.
Glutamate/GABA imbalance and nitric oxide will soon be recognized as the drivers of mood disorders.
I am confidant I am right because all my friends have see the change in me. Plus I no longer needs meds.
If I had you genetics I could probably see what is going on with you. Let me know if you want me to take a look: followingthedao@fastmail.com
Thank you for clarifying. I know a bit about the brain and brain chemistry, but I was unfamiliar with NMDA receptors.
Unfortunately the rest of your explanation was too technical and I didn’t follow any of it. Can you explain what NMDA receptors are for and what the link to anxiety, in either direction, is?
My anxiety wasn’t caused by this, but I was able to treat it because of the memantine. I just stopped memanitine a month ago after about 5 years and all the symptoms seem resolved now.
You are saying that your anxiety was not casued my NMDA receptor changes, but it was. Traumatic events change the function and density of these receptors.
NMDA receptors allow calcium into the neurons. The more calcium in a neuron the more excitable it is, like in hyper-arousal.
By taking the memantine you allowed you possible grow more healthy neural pathways, away from the hypervigilance and towards calmness. I am assuning you have been in therapy?
Sure, on a technical level, but the cause of it, globally, was several layers up the abstraction stack. It feels like blaming the add and multiply instructions for poorly written firmware/software, especially since it resolved itself once I addressed the issues I listed below.
Thank you for the paper. That's just the kind of thing I was hoping to find.
The experience of going on memantine for the first time was like becoming in sync with my body for the first time that I could remember. My body, mind, and thoughts stopped being out of sync, like a video that wasn't streaming well. That allowed me to slow down (and not try to anticipate the ten different ways a conversation could go), stop rambling, and listen to what people were saying to me instead of what I expected them to say.
I'm only seriously pursuing therapy now; hyper-independence is another symptom of my CPTSD. I learned all this by trial and error and reading ungodly amounts of self-help books (moving to psychology books lately), helping my wife through losing her parents at 21, and teaching my wife to work through her PTSD.
What allowed me to be calm was learning to trust, at least to some extent, people again (which I didn't even realize was an issue) and learning to express my emotions (I had nearly total blocks on sadness and fear). Then slowly processing the traumatic events from my childhood. After I forced myself to cry about one event (the last time I cried as a child) and allowed myself to feel fear about things I couldn't control, my chronic anxiety faded, and now it is situational. I continue to work on the underlying causes of these distinct reactions.
It is very difficult because fear of being like my dad or being poor drove me so hard for 20+ years to become a software engineer and make it into a top-tier company. Without that desperation, I have to relearn (learn?) how to live and do things.
I was first diagnosed with ADHD in 2016 then a year later with ASD. Adderall helped a lot, but there were other symptoms that continued bothering me.
Between me reading and learning more about my problems and working with my psychiatrist we tried many things. Having someone so reflective and motivated led him to be more experimental with treatments for me. Also, he was an ADHD specialist who started researching autism because he suspected his son was autistic too.
That's how we tried memantine. It seems to help in a small percentage of APD/SPD cases, but no one knows how or why.
This thread was how I found a hypothesis for why it worked for me. Six years after I first started memantine.
Having an engaged healthcare / mentalcare provider makes a huge difference! I'm going to run memantine past my son's doctor, who is also quite engaged.
